The landmark Kotak report prepared by a Committee of experts on Corporate Governance was submitted to the Securities and Exchange Board of India (SEBI) last week. The ‘Corporate Governance in India’ report aims to converge Indian and international corporate governance standards for that country. Out of its 170 pages, one significant takeaway may be of […]
An important part of high quality structured data is the application of business rules that uncover simple mistakes and business logic errors. XBRL International urges all regulators to use machine executable business rules in order to significantly enhance data quality. To help environments that report based on the IFRS accounting standards, the IFRS Taxonomy Formula Linkbase […]
XBRL International has responded with a range of suggestions to the SEC’s call for comments on its proposals to shift to Inline XBRL.
New RegTech legislation would oblige US regulators to use common standards, common definitions and common identifiers. Information would be made available as part of government Open Data efforts.
In a substantial speech to the Northwestern University’s 44th Annual Securities Regulation Institute symposium, recently retired SEC Chair Mary Jo White provided an interesting summary of her perspective on the achievements of that regulator during her term. She also provided some comments on the work that lies ahead. Chair White’s retirement as the 31st SEC Chair […]
iXBRL, or Inline XBRL, is an open standard that is used by millions of companies around the world to prepare financial statements in a structured data format that is both human and machine readable.
The SEC has accepted its first iXBRL filing. Follow the link to the SEC’s iXBRL viewer.
This week we published the first public working draft of the XBRL Open Information Model (OIM). The OIM is a syntax-independent model of the content of an XBRL report, designed to make it easy to work with XBRL data in a variety of different formats, as well as providing simplification of some of the more arcane […]
The IASB has released minutes from the latest IFRS Taxonomy Consultative Group conference call. Topics included upcoming and current ITCG reviews, the IFRS Taxonomy deprecation schema, and the management of entity-specific disclosures. Note that it is likely that publication of the annual IFRS Taxonomy 2016 will be delayed until April of this year due to this […]
What is an XBRL taxonomy? XBRL taxonomies are dictionaries for reporting. They provide digital definitions for business concepts and make digital reporting possible. Digital reports work by ‘tagging’ each reported fact so that it can be identified by computer software. For example, the tag “ProfitLoss” might be used for net earnings, and “EnergyConsumed” could indicate […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
